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New Duplex Near Highway 105

1306 N 9th St, Conroe, TX 77301

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For Sale

$689,900

New tenant-occupied duplex with spacious units near Highway 105.

Type:Investment

Property size:

5,202 SF

Lot size:

0.31 Acres

Price / SF:

$132/SF

We can help!

Contact an agent

Robert Graham

HighLights

Brand new (2024) duplex, ideal for investment.
Large units: Each unit has 4 bedrooms, 3.5 bathrooms, and 2,601 SF of living space.
Tenant occupied, providing immediate rental income.
Convenient location: Close to Highway 105 and I‑45.
Each unit features a primary bedroom downstairs with a large walk‑in closet.
Spacious game room in each unit.

Learn more

For Sale

$689,900

New tenant-occupied duplex with spacious units near Highway 105.

Type:Investment

Property size:

5,202 SF

Lot size:

0.31 Acres

Price / SF:

$132/SF

Added:: Mar 10, 2026
Days on Market:: 119
Last Refresh:: Jul 2 at 6:54 pm

Property Features for 1306 N 9th St

General Information

Standard status: Active
Size: 5,202 SF
Lot size: 0.31 Acres
Property subtype: Investment

Building Details

Year Built: 2024

We can help!

Contact an agent

Robert Graham

Listing office ARROWSTAR REALTY

Listing date Mar 10, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of ARROWSTAR REALTY

HighLights

Brand new (2024) duplex, ideal for investment.
Large units: Each unit has 4 bedrooms, 3.5 bathrooms, and 2,601 SF of living space.
Tenant occupied, providing immediate rental income.
Convenient location: Close to Highway 105 and I‑45.
Each unit features a primary bedroom downstairs with a large walk‑in closet.
Spacious game room in each unit.

Overview

This is a new, two-story duplex located near Highway 105 in Conroe. The property features two units, each with 2,601 square feet, for a total of 5,202 square feet. Each unit contains 4 bedrooms, 3.5 bathrooms, and a 2-car garage. The layout of each unit is identical, featuring an entryway with a half bath, a linen closet, and a washer/dryer nook. The downstairs area has marble flooring, a primary bedroom with an en-suite bathroom that includes double sinks, a large shower, and a walk-in closet. The units have high ceilings and an open-concept living area with the kitchen and island overlooking the living room. Upstairs, there is a spacious game room, three additional bedrooms (two with walk-in closets), a Jack and Jill bathroom, and a separate bathroom. The property includes an extensive driveway and a large yard. The location is convenient, with proximity to Highway 105 and I-45.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$88.6k	$17.04
− Vacancy	−$5.8k	−$1.11
EGI	$82.9k	$15.93
− OpEx	−$24.9k	−$4.78
NOI	$58.0k	$11.15

5,202 SF · lease $17.04/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$828.8K

$725.2K – $966.9K (±1% cap)

NOI $58,016 @ 7.0% cap · market cap 8.41%

Second Best

Apartment 5plus

$780.8K

$683.2K – $911.0K (±1% cap)

NOI $54,658 @ 7.0% cap · market cap 7.92%

Theoretical Best

Specialty Retail

$1.31M

$1.15M – $1.53M (±1% cap)

NOI $91,928 @ 7.0% cap · market cap 13.32%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Conroe
County: Montgomery
State: Texas
Longitude: -95.4501
Latitude: 30.3247

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For sale
Duplexes
TX
Conroe
77301
1306 N 9th St

What type of property is this?

Duplex - New tenant-occupied duplex with spacious units near Highway 105.

Where is this duplex located?

The property is located at 1306 N 9th St Conroe, TX.

What is the asking price?

The asking price for this property is $689,900.

What are key features of this property?

This property features: Brand new (2024) duplex, ideal for investment.; Large units: Each unit has **4 bedrooms, 3.5 bathrooms, and 2,601 SF of living space.**; Tenant occupied, providing immediate rental income.